Extended vs Kraken Futures
Kraken Futures traded 1.3× Extended's 24-hour volume ($670.3M vs $499.4M).
Head to head
the arrow points to the better figure| Extended | Kraken Futures | |
|---|---|---|
| Trading | ||
| $5.12 | ◀BTC trade, $10k | $10.26 |
| $656 | ◀BTC trade, $1M | $1,457 |
| $11.2M | BTC book depth▶ | $88.0M |
| 0.025%/0.000% | ◀Taker / maker | 0.050%/0.020% |
| 100x | Max leverage≈ | 100x |
| Size | ||
| $499.4M | Volume 24h▶ | $670.3M |
| $427.8M | Volume, 7-day average▶ | $859.9M |
| $202.6Mlongs + shorts | Open interest | $523.4Mone side |
| $119.2M | TVL | — |
| Markets | ||
| 308 | Markets≈ | 280 |
| 130 | ◀Stocks & RWA | 37 |
| 1h | Funding paid every | 1h |
| +0.0080% | BTC funding /8h | +0.0052% |
| +0.688% | BTC longs paid, 30d | +0.482% |
| Access | ||
| No ID | ◀KYC | Required |
| none yet | Token | none yet |
| Active | Airdrop | — |
Cost to trade BTC
| Size | Extended | Kraken Futures |
|---|---|---|
| $1k | $0.515.1 bp | $1.0110.1 bp |
| $10k | $5.125.1 bp | $10.2610.3 bp |
| $100k | $51.165.1 bp | $12112.1 bp |
| $1M | $6566.6 bp | $1,45714.6 bp |
| $5M | $9,09418.2 bp | $8,82717.7 bp |
BTC funding per day
pair pageSize
daily, last 30 daysVolume by asset class
last 30 daysOn both: 130
funding /8h · Net 7d at $10k| Asset | Extended | Kraken Futures | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0080% | +0.0052% | +0.0028% | −$13 |
| ETH | +0.0104% | +0.0040% | +0.0064% | −$10 |
| HYPE | +0.0024% | −0.0065% | +0.0089% | −$28 |
| SOL | +0.0104% | +0.0304% | +0.0200% | −$24 |
| NEAR | +0.0104% | −0.0260% | +0.0364% | +$1 |
| ZEC | +0.0104% | −0.0181% | +0.0285% | −$21 |
| XMR | +0.0104% | +0.0142% | +0.0038% | −$36 |
| XRP | +0.0104% | +0.0207% | +0.0103% | −$35 |
| BNB | −0.0024% | +0.0034% | +0.0058% | −$44 |
| PUMP | +0.0104% | +0.0704% | +0.0600% | −$83 |
| SUI | +0.0104% | −0.0188% | +0.0292% | −$23 |
| AAVE | +0.0104% | +0.0183% | +0.0079% | −$67 |
| ENA | +0.0104% | +0.0271% | +0.0167% | −$34 |
| LTC | +0.0104% | +0.0017% | +0.0087% | −$31 |
| ADA | +0.0104% | +0.0086% | +0.0018% | −$20 |
| TAO | +0.0104% | +0.0042% | +0.0062% | −$54 |
| FIL | +0.0104% | −0.0276% | +0.0380% | −$17 |
| ZRO | +0.0128% | +0.0052% | +0.0076% | +$2 |
| LINK | +0.0104% | +0.0177% | +0.0073% | −$34 |
| LDO | +0.0104% | +0.0003% | +0.0101% | −$29 |
Only on Extended: 196
SP500 · LIT · SKHYNIX · GRAM · MSFT · SHOP · USDJPY · AMD · PLTR · CASHCAT · AERO · VVV · S · CHIP · UNITREE · DRAM · USELESS · ORCL · MEGA · EWY · PURR · CRWD · GRVT · DELL · CBRS · TTWO · XPT · AVGO · MARSCOIN · QCOM · TXN · BE · KSM · AZTEC · AKT · ADI · QNT · JP225 · ORCA · TER · AMAT · AMGN · AR · BTW · H · COHR · TMUS · MRVL · BABA · PIEVERSE · NOK · EDGE · ASTS · NFLX · CRWV · MRNA · KITE · BKNG · IBM · GTC · and 136 more
Only on Kraken Futures: 74
QQQ · SPY · GLD · QNT · SUSHI · PYTH · COMP · EGLD · KAS · XTZ · GRT · ZK · MUBARAK · MANA · IMX · NIGHT · SNX · CVX · BAT · RAY · 1INCH · SYN · RIVER · ALICE · MOODENG · USUAL · MEW · CAKE · RSR · BRETT · DEXE · CRO · SYRUP · SUPER · MOG · LPT · YFI · ACE · FLOW · GOAT · TRB · AGLD · IOTX · KAVA · C98 · BICO · ROSE · TLM · QTUM · SOXS · MNT · MELANIA · OPN · BB · COOKIE · USDC · CHILLGUY · LUNA · ZIG · PORTAL · and 14 more
Questions
Is Extended or Kraken Futures cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $5.12 on Extended and $10.26 on Kraken Futures right now, taker fee and order-book slippage together, so Extended is cheaper. Taker fees: 0.025% and 0.05%.
Which has more markets, Extended or Kraken Futures?
Extended lists 308 active markets and Kraken Futures 280; 130 assets trade on both, 28 of them stocks, commodities or other real-world assets.
Does Extended or Kraken Futures require KYC?
Extended: No ID (only transaction screening and third-party on-ramps); not for the US, UK, Canada, Hong Kong, Russia or sanctioned countries. Kraken Futures: Full verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.
Can you arbitrage funding between Extended and Kraken Futures?
Yes: 10 of the assets on both paid more in funding over the last 7 days than a $10k round trip on both costs. The best was SAND, long on Kraken Futures and short on Extended, with $293 left after costs.
Which is bigger, Extended or Kraken Futures?
24-hour volume: Extended $499.4M, Kraken Futures $670.3M. Open interest as each reports it: $202.6M and $523.4M. Extended reports open interest as longs plus shorts, both sides of every position; Kraken Futures reports one side. For the same positions Extended's figure reads about twice as large. TVL: $119.2M and none published.